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Investing.com -- U.S. President Donald Trump sidestepped a question Monday about extending the August 12 deadline for higher tariffs on Chinese goods, responding only with "we’ll see what happens."
During a White House news conference, Trump spoke positively about relations with China amid ongoing trade discussions.
"We’ve been dealing very nicely with China. As you have probably heard, they have tremendous tariffs that they’re paying to the United States of America," Trump said.
He added that he maintains a good relationship with Chinese President Xi Jinping.
If the current tariff truce expires Tuesday without extension, U.S. tariffs on Chinese goods will increase to 145%, while Chinese tariffs on U.S. goods will rise to 125%.
The temporary pause in the trade dispute began in May after talks in Geneva, Switzerland, when both countries agreed to a 90-day negotiation period. Officials met again in Stockholm, Sweden in late July but did not announce any agreement to extend the deadline.
U.S. Treasury Secretary Scott Bessent has expressed optimism about reaching a deal with China, saying Washington has "the makings of a deal."
On Sunday, Trump pushed for additional concessions from China, calling for a fourfold increase in soybean purchases, though analysts have questioned whether such demands are realistic.
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